Music file-share site Qtrax forced into humiliating U-turn — Jonathan Richards, Dan Sabbagh and Adam Sherwin in Cannes — A website which promised to give music lovers the world's first legal file-sharing service was forced into a humiliating climbdown today after it emerged that the company …

I'm Joining Scoble at FastCompany TV — In November 2003, I put up my first blog post: “Old dogs & New tricks." I had not a clue how my life was about to change. Maybe I should call this one: “Older dog. Newer trick." — I am about to become a video blogger. As of today, it is my main gig.

Is the Tipping Point Toast? … Don't get Duncan Watts started on the Hush Puppies. “Oh, God,” he groans when the subject comes up. “Not them." The Hush Puppies in question are the ones that kick off The Tipping Point, Malcolm Gladwell's best-seller about how trends work.

Yahoo (YHOO) Going Forward With “Drastic” Layoffs—Source — A source close to Yahoo reports that Jerry Yang has decided to go forward with aggressive layoffs. The source believes the layoffs will be announced on the company's conference call this week and that the final number will be likely …

Imeem Gobbles Up A Young Startup, Anywhere.FM — After less than a year in operation, the team at Anywhere.FM reached an early payday today when veteran social music service Imeem gobbled them up for an undisclosed sum, most likely in a cash and stock mix. The iTunes-style web music player …

Cisco's Big Switch — In his latest book, tech pundit Nicholas Carr put a name on a trend that's transforming information technology: As the world becomes more networked, he points out, computing power is undergoing “the Big Switch,” moving off of desktops and into massive data centers, where it's cheaper and more efficient.

SKYFIRE BRINGS DESKTOP-QUALITY BROWSING TO YOUR PHONE — The twice-yearly new product orgy called Demo 2008 kicks off tomorrow, but we have a few previews of presenting companies we wanted to write up before the CEOs take the stage. First up: SkyFire, a browser for smartphones.

Woolworths backs Blu-Ray format over HD DVD — Woolworths has become the first major retailer to solely back one of the new high definition DVD formats. — The high street firm has announced that it will only stock Blu-Ray high definition DVDs from March, with HD-DVDs being dropped from stores to be sold online.

Mole: 80GB PS3 dead, 120-160GB with Dual Shock 3 incoming — Our inside source of all things video gaming has been right almost every time it comes out of the shadows to give us information, so I'm going to dispense with the back story. Wherever his or her information is coming from, it's usually solid.

‘100% accurate’ face recognition algorithm announced — Psychology researchers at Glasgow University say they have increased the accuracy of automated face recognition to 100 per cent. If the claims are true, this development will have far-reaching consequences for privacy and security in modern society.

Google A “Mystery Buyer” In Colorado? — Denver area residents were treated to some fun over the weekend with reports of the purchase of a 432-acre former campus of Storage Technology by a “mystery buyer,” for as much as much as $60 million. The buyer insisted on absolute secrecy …